A Project Report (2)

7/29/2019 A Project Report (2)

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A PROJECT REPORT

On

INVENTORY MANAGEMENT SYSTEM

Submitted in partial fulfillment of the requirements for the award of the degree of

MASTERS OF BUSINESS ADMINISTRATION

UNDERTAKEN AT

TATA MOTORS LIMITED (PANTNAGAR)

DOON UNIVERSITY

SUBMITTED BY :

ANJALI GUMBER

SMS 085


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DECLARATION

I ANJALI GUMBER student of MBA hereby, declare that the project report

entitled INVENTORY MANAGEMENT SYSTEM is an authentic work

developed by me at Tata Motors Limited, (Pantnagar) under the guidance of

Mr.Manoj Kumar (Material auditor) submitted in partial fulfillment of the

requirements for the award of the Masters Of Business Administration (MBA)

DOON UNIVERSITY (DEHRADOON).

I also declare that, any or all content embodied in this project report has not

been submitted in any form for the award of any degree or diploma of any other

institution or university.

ANJALI GUMBER

MBA (2012 -2014)

SMS -085


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ACKNOWLEDGEMENT

Management is a profession wherein no work can be accomplished without the

help of a large number of people, be it your superiors or subordinates. A good

manager is the one who knows how to get the work accomplished with the help

of his colleagues. As future managers, we are taught to practice such behavior at

every step.

As a requirement for 2 year full time MBA course, I feel greatly honored for

having done my summer internship program with TATA MOTORS LTD.

PANTNAGAR

I am really grateful to my guide Mr. MANOJ KUMAR(material auditor) for

guiding and providing me with necessary help throughout the project. Without his

critical and timely suggestion, this project would never have been possible.

I am also thankful to all the faculty members to provide this opportunity to get

familiar and learn practically.

Last but not the least I am thankful to all those people who help me directly or

indirectly by providing their valuable suggestions and cooperation.

I also thank my parents and my friends for their constant support and love.

With sincere thanks

Anjali Gumber


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PREFACE

A comprehensive practical study of management is a supplement to the theoretical

classroom knowledge. It helps to understand the subject more precisely.

This report tries to outline idea of professional world & helps in understanding the

pragmatic aspect of management function. Own observation are significant

towards the contribution in learning the subject. The report is therefore designed as

a reference of organization functioning rather than copy down instrument.

The purpose of vocational training to make management student familiar with day

to day functioning of business. The present report is an effort in this direction.

My humble endeavor & motive in presenting the project report is to impart a

balanced introduction & knowledge of functions of inventory management which

is an important integral part of Financial Management.

It is hoped that this project will serve as a supportive document to research worker

as efforts has been tried to make this report an informative, stimulating & self

explanatory.


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TABLE OF CONTENTS

Part I Introduction of the organization Tata Motors Pantnagar

Part II

Objectives of the study Introduction of the Inventory Management

Concept of inventory

Inventory managementNeed for inventory controlObjectives of inventory control Importance of inventory control Inventory in Tata motorsCriteria for judging the inventory system Inventory flow chart Inventory valuation in Tata motors Inventory control in Tata motorsRejection handling Inventory control techniquesAnalysis of unused inventory Inventory level in Tata motors Inventory turnoverProcurement items at vendor park and outside vendor park Important concept of EOQProduction planning and controlReconciliation and adjustment


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PART III

Conclusion Annexure-1 Bibliography Appendix


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INTRODUCTION OF TATA MOTORS

The Tata Group was founded by Jamsetj i Tatain the mid 19th Century. Today the

Tata Group comprises of 96 operating companies in seven business sectors viz.

Information systems and communications; engineering; materials; services;

energy; consumer products and chemicals.

Tata companies today employ around 2,46,000 people. In Tata Group our purpose

is to improve the quality of life of the Communities we serve.

We do this through leadership in sectors of national economic significance, to

which the Group brings a unique set of capabilities. This requires us to grow

aggressively in focused areas of business. The Tata name is a unique asset

representing leadership with trust. Leveraging this asset to enhance Group synergy

and becoming globally competitive is the route to sustained growth and long-term

success.

The Tata Group has always sought to be a value-driven organization.

These values continue to direct the Group's growth and businesses. It isthe leader by far in commercial vehicles in each segment.

Tata Motors Limited is amongst the India's largest automobile company. The company is the world's fifth largest medium and heavy commercial

vehicle manufacturer.

The company's employees are guided by the vision to be best in themanner in which we operate, best in the products we deliver and best inour value system and ethics.

The automotive industrys contribution to the Indias current GDP is 5% and is

expected to be 10% by 2016

Currently it provides employment 10 million people in the country and thisis expected to rise to 25 million by 2016.

A Tata motor is a dominant player in the automobile industry in India, witha 28% market share.


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HISTORY OF TATA GROUP:

The Tata Titans

(Jamsetji Tata|Sir Dorab Tata | Sir Ratan Tata | JRD Tata |Naval Tata)

There is a difference between making money for oneself and creating wealth

for others. This is the story of a business house that has created wealth for a nation.

It is a story of struggle, anxiety, adventure and achievement. This is the story of our

pioneers.

Jamsetji Tata:The founder of the Tata Group began with a

textile mill in central India in the 1870s. His powerful vision inspired the steel and

power industries in the country, set the foundation for technical education, and

helped India leapfrog from backwardness to the ranks of industrialised nations.

Sir Dorab Tata: Through his endeavours in setting up Tata Steel

and Tata Power, this elder son of Jamsetji Tata was instrumental in transforming his

father's grand vision into reality. It was also under his leadership that the Sir Dorabji

Tata Trust, the premier charitable endowment of the Tatas, was created, propellingthe Tata tradition of philanthropy.
http://www.tata.com/0_about_us/history/pioneers/index.htm#jamsetji_tatahttp://www.tata.com/0_about_us/history/pioneers/index.htm#jamsetji_tatahttp://www.tata.com/0_about_us/history/pioneers/index.htm#dorabji_tatahttp://www.tata.com/0_about_us/history/pioneers/index.htm#dorabji_tatahttp://www.tata.com/0_about_us/history/pioneers/index.htm#dorabji_tatahttp://www.tata.com/0_about_us/history/pioneers/index.htm#dorabji_tatahttp://www.tata.com/0_about_us/history/pioneers/index.htm#jrd_tatahttp://www.tata.com/0_about_us/history/pioneers/index.htm#jrd_tatahttp://www.tata.com/0_about_us/history/pioneers/index.htm#jrd_tatahttp://www.tata.com/0_about_us/history/pioneers/index.htm#jrd_tatahttp://www.tata.com/0_our_commitment/community_initiatives/tata_trusts/dorab_tata_trust.htmhttp://www.tata.com/0_our_commitment/community_initiatives/tata_trusts/dorab_tata_trust.htmhttp://www.tata.com/0_our_commitment/community_initiatives/tata_trusts/dorab_tata_trust.htmhttp://www.tata.com/0_our_commitment/community_initiatives/tata_trusts/dorab_tata_trust.htmhttp://www.tata.com/0_about_us/history/pioneers/index.htm#jrd_tatahttp://www.tata.com/0_about_us/history/pioneers/index.htm#jrd_tatahttp://www.tata.com/0_about_us/history/pioneers/index.htm#dorabji_tatahttp://www.tata.com/0_about_us/history/pioneers/index.htm#dorabji_tatahttp://www.tata.com/0_about_us/history/pioneers/index.htm#jamsetji_tata


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Sir Ratan Tata: Jamsetji Tata's younger son had a

personality that reflected his sensitivity to the struggles of ordinary people and his

desire to utilise his considerable wealth to enhance the quality of public life. A

philanthropist all his life, he created a trust fund for "the advancement of learning

and for the relief of human suffering and other works of public utility.

JRD Tata: The late chairman of the Tata Group pioneered civil

aviation on the subcontinent in 1932 by launching the airline now known as Air

India. That was the first of many path-breaking achievements that JRD, who guided

the destiny of the Group for more than half a century, came to be remembered for.

Naval Tata: Naval Tata's myriad contributions in the fields of business,

sports administration and labor relations symbolized all that is best in the Tata

spirit.


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VISION, MISSION, CULTURES AND VALUES OF

TATA MOTORS LTD:


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Business Description of Tata Motors

Tata Motors, formerly known as Tata Engineering & Locomotive Co.(TELCO) is one of the leading automobile manufacturer in India with

portfolio that includes trucks, buses, utility vehicles, passenger cars.It also has a strong auto finance operation, TML Financial services ltd,

supporting customer to purchase Tata Motors vehicles

Locations

Tata Motors' plants are located at Jamshedpur (eastern India), Pune andSanand (west), Dharwad (south west) and Lucknow and Pantnagar(north). Tata Motors and Fiat have set up a common manufacturing

facility at Ranjangaon, near Pune. Its headquarter is in Mumbai, India.

Management

The Company has 11 Board of Directors and the Board is chaired byMr. Ratan Tata. Mr. Ravi Kant is the Managing Director.

Subsidiary companies

Tata Motors had 64 (direct and indirect) subsidiaries (9 in India and 55abroad) as on March 31, 2012, as disclosed in the accounts.

Listing

The Companys securities are listed on the Bombay Stock Exchange of theIndia Limited (BSE), National Stock Exchange of India Limited (NSE) and

Madhya Pradesh Stock exchange Limited (MPSE). Also, Tata Motors is the

first company from Indias Engineering sector to be listed in the New YorkStock Exchange (September 2004).


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PRODUCTS OF THE COMPANY

Passenger car:

Tata Indica Indica Turbo Indigo xl Indica v2 Indica v2 xeta Indica vi Dicor Indigo Indigo Marina Indigo CS Fiat CS

Utility Vehicle:

Safari Dicor Sumo Grande Tata Sumo Xenon XT

Trucks

Medium heavy commercial vehicle Inter mediate commercial vehicle Light commercial vehicle Small commercial vehicle Tata Ace

Tata Novus TL 4x4

Commercial Passenger Carriers

Buses Tata winger Tata magic


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TATA MOTORS PLANTS IN INDIA:

Pantnagar

2007

Lucknow

1992

Pune

1966

Dharwad

1997

Sanand

2009 Jamshedpur

1945

Tata Motors

1945-2008


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PROFILE OF THE TATA MOTORS PANTNAGAR:

Year of Establishment: 2007

Industry Name: Auto / LCVs / HCVs

Location: Pantnagar

Area: 957 acres

No. of Employees: 6500(permanent)

Production (per day): 1200 Vehicles

Types of Brands: 3

TML Plant Area: 620 acres

Vendor Park Area: 337 acres

Road Length: 15 km.


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The TATA MOTORS LTD Pantnagar project started in March 2006.

The construction work of the plant started in the month of April 2006.The equipments of the plant to manufacture the vehicle were received on site in

October 06. The first phase of equipment installation was completed in Feb07.

The trials for the setup started in April.

The plant being the largest amongst the entire TATA Motors group occupies a total

area of 957 Acres, out of which TML plant area will comprise of 620Acres and the

Vendor Park Area is 337 Acres.

Another unique feature that the plant possesses is the facility provided to the

vendors in the Vendor Park. There are in all 60 vendors in the vendor park,

covering a net supply of 93%.

Areas of business

Tata Motors makes passenger cars, multi-utility vehicles and light, medium andheavy commercial vehicles.

Passenger cars: The Company launched the compact Tata Indica in 1998, thesedan Indigo in 2002 and the station wagon Indigo Marina in 2004.

Utility vehicles: The Tata Sumo was launched in 1994 and the Tata Safari in1998.

Commercial vehicles: The commercial vehicle range extends from the lighttwo-tonne truck to heavy dumpers and multi-axled vehicles in the above 40-tonne segment.

Passenger buses: The Company also manufactures and sells passenger buses,12-seaters to 60-seaters, in the light, medium and heavy segments.

TOTAL SALES: Total sales for 2012-2013 of Tata Motors

ltd. Pantnagar are 901,546.60 lacks.


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TATA MOTORS PRODUCT AT PANTNAGAR

Tata Sumo Gold

Ace and other variants of Ace-HT

Ace- Magic

With state of the art paint shop and work f orce from all over I ndia, Pantnagar

Plant Promises to be a unique plant with wor ld class practices and excell ent

corporate culture


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OBJECTIVES OF THE STUDY:

The study of the Inventory Management is done in TATA MOTORS

LTD. Pantnagar plant to serve the following purpose:

Control investment in inventories and keep it at an optimum level. To know about the techniques which they are adopting for inventory control. To find out the criteria for judging the inventory system. To minimize inefficient inventory and reduce inventory carrying cost. Maintain sufficient stocks of raw materials in periods of short supply. Maintain sufficient finished goods inventory for smooth sales operation, and

efficient customer service.


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CONCEPTS OF INVENTORY:

INVENTORY

Inventory can be broadly defined as the stock of goods, commoditiesor other economic resources that are stored or reserved at any givenperiod for future production or for meeting future demands.

Classification of Inventories:

Direct inventoriesIt includes those items which play a direct role in the manufacturing

and become an integral part of finished goods. The direct inventories

are as follows:

1. Raw materials inventories.2. Work in process inventories.3. Finished goods inventories.

Indirect inventoriesIndirect inventories include those items which are necessary for

manufacturing but do not become component of finished goods

production, such as lubricants, oil, grease, stationeries, maintenance

material etc.


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NEED FOR INVENTORY CONTROL:

Uncontrolled Inventory Is the Industrys Cancer is the well-knownslogan. If the inventories are not controlled effectively it will create

many problems in the industry. So there is a need for every company to

control its inventory in all stages.

Effect of control at raw material

Since, cost of raw material consists of more than 25% of the cost of production inany industry, it requires constant control. The adverse control of raw material leads

to stock outs. Losses in materials are wastage and consequent to which the cost ofproduction will be increased. Thereby chances of incurring losses are more. So, the

necessary control of raw material at the initial is very essential to minimize thelosses. Thereby non interruption of continuous production is possible.

Effect of control at finished goods

If the finished goods are not controlled properly it will lead to excess stock which

leads to

High incident of stock holding priceDrop in margin through price reduction

Pilferage or damage consequence to long storage

Effect of uncontrolled of other inventories

If spares are not controlled; it will lead to production held up

If the machine gets obsolescence, over stocking of spares inventory will leadto high inventory level.

Hence the non availability of a single material, which contributes production,Not even 1% will create critical situation, which may stop the production orFinished goods movement in any industry. For example, the non availability of

Grease, oil thinner etc. will stop dispatch of finished goods .in this case, itspercentage in terms of value is negligible but its worthies high with regards to

marketability of materials.


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From, the financial point of view inventory is the single largest asset in the

balance sheet in many manufacturing companies. Inventory accounts for asubstantial portion blocking the major portion of the working capital. So, it is

absolutely necessary rather a must, to control the inventory for not only effective

management of working capital but also for smooth production and to cut the cost

of interest so as to sustain and survive in business especially in todays era ofcutthroat competition. Thus managing inventory into an optimum level is all themore important which result in cost reduction, efficient use of working capital and

improved earnings.

In todays Industrial climate, multi national corporations are entering into all

fields of Business that too, in auto industries. This Situation leads to heavy

Competition among the Industries in the same field.

Their Main expectations are:

Quality

Prompt delivery

Competitive Price

All The above needs, Free flow Of Material and Working capital. Free flowof materials can be achieved through proper control and managing of

inventories.

Major contribution from this project work will result in reduced percentage of

holding inventories, utilization of limited resources and overall improvement incontrol of inventories by application of scientific inventory control the system likeeconomic order quantity, fixing reorder level, ABC analysis and safety stock level.


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OBJECTIVES OF INVENTORY CONTROL:

Inventory control is a highly significant function because it consist substantial

portion of total current asset of a firm.

To minimize the investment in inventories:The main objective of a system of inventory control is minimizing the capital

blocked in the inventories.The capital required to carry inventories costs moneyand holding asset in the form of inventories results in decreased liquidity.

To ensure that the value of material consumed to minimum: To ensure this objective there should be proper control of materials from theplacing oforders with supplies fill the materials have been efficiently utilized in

production. Efficient purchasing, storage, consumption and accounting formaterials are an important objective of inventory control.

To provide scientific control:To provide scientific base for short term and long term planning of inventoryrequirements.

To protect from losses:The inventories storage from pilferage, theft, wastage, damage andunauthorized use.

To reduce surplus stock:Reducing of surplus stock is one of the essential requirements of effectiveinventory control. Inventory controls critically examines excessive stock and

take appropriate measures to bring down stock to a reasonable level and then by

reduce investment. Inventory control takes timely action for replenishment. It

also provides a safe guard for variations in raw material delivery time or leadtime.


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INVENTORY IN TATA MOTORS:

Materials from the most critical input of any business firm. Proper handling and

control of material input ensures the smooth running of plant. Material

management includes the procurement , receipt issue, and control of materials in

right quantity and at right time to facilities the production function.

INVENTORY

At TATA MOTORS LTD. (Pantnagar) is categorized in to two main categories

according to its nature which are as follows:

1) Auto item2)Non-Auto item

Auto ItemThese are the items which are directly used for manufacturing a vehicle. It is in

the sense that the use of these items is doneby its specified plant not else. And a

plant has a code (3100).

Plant have been divided into many workshop where we use the auto item which

are:

TCF (Trim, Chassis, Finish)BIW (Body in white)GEAR SHOPENGINE SHOPPAINT SHOP


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Non-Auto ItemThese items are used indirectly for manufacturing the vehicle. These items

further classified in to two sub categories. Which are:

a) CMS / spare/ Tools: -The main work of Central machine spare (CMS) tomake the spare part of vehicle.

b)Indirect Materials (Oil,Thinner,Grease)

Other categories of inventory should be considered from a functional

standpoint:

Consumables:Light bulbs, computer and photocopying paper, brochures,tape, envelopes, cleaning materials, lubricants, fertilizer, paint, packingmaterials, and so on are used in many operations. These are often treated like

raw materials.

Service, repair , replacement, and spare i tems (S& R I tems):These are after-market items used to keep things going. Aslong as a machine or device of

some type is being used (in themarket) and will need service and repair in

the future, it willnever be obsolete. S&R Items should not be treated likefinishedgoods for purposes of forecasting the quantity level of your normal

stock.

Quantity levels of S&R Items will be based on considerations such aspreventive maintenance schedules, predicted failure rates, and dates ofvarious items of equipment.

Buffer/safety inventory:This type of inventory can serve various purposes,such as:

compensating for demand and supply uncertainties.holding it to decouple and separate different parts of your operation so

that they can function independently from one another.


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Transit Inventory: This is inventory en route from one place to another. Itcould be argued that product moving within a facility is transit inventory.

CRITERIA FOR JUDGING THE INVENTORY SYSTEM:

While the overall objective of the inventory system is to minimize the cost to the

firm the risk level acceptable to the management, the more proximate criteria for

judging the inventory are:

Comprehensibility Adaptability Timeline

Comprehensibility

Inventory system range from the utterly simple to the complex ones. Irrespective

of how simple or how simple or how complex a system is , regardless of whether it

is automated or manual, it should be clearly understood by all affected parties . The

system must be properly explained to all concerned people so that its purpose,

logic and rationale are transparent. This generates enthusiasm for the system and

enhances its credibility. Otherwise it is likely to be perceived as a mysterious

Black Box of dubious value.


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Adaptability

The question raised in this context are :

1. Is the system change?2. Can new products, new situation and new requirements be handled by the

system?

A certain degree of flexibility and adaptability must be desired into the system to

make it versatile. Of course this cannot be and this should not be carried too far .The system must not provide for every possible and imaginable contingency . If it

is developed with this real, it is likely to be a complex monstrosity. Remember the

caveat that the design of any system should ordinarily take care of about 90% of

the cases, leaving the balance 10% to be handled by hand.

Timeline

Inventories may suffer loss in value on account of a variety of factories. The morecommon sources of value decline are:

1. Obsolescence caused by changes in technology & shifts in consumertaste.

2. Physical deterioration with the passage of time.3. Price fluctuation because of inherent volatility of certain commodities

The inventory system should be capable of inducing timely action. It should

provide adequate forewarning which triggers appropriate corrective step.


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Inventory flow chart :

Vehicle report on gate and hand over invoice to security

Check and prepare the LECI with RFID by security for vehicle entry

Park the vehicle on parking area

Made the GRN by CRDO

Released the RFID by security person for vehicle in plant

Unloading the material vehicle & checked the quantity as per invoice

quantity by store person

Made the mb02 by store person

Store acknowledgement


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Vehicle will go to out gate

Hand over RFID token and LECI to security by driver

Out the RFID in system

Exit the vehicle


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INVENTORY VALUATION IN TATA MOTORS LTD.:

Valuation of WIP

Auto:-Inventory should be valued at full absorption cost basis, which comprises of

cost of purchase INCL.MASOP changes for raw material and cost of conversion

Cost of conversion comprises of direct cost and overheads i.e., variable & fixed

such as indirect material, tools, salaries etc.

The absorption of cost of conversion should be based on burden centre rate of

group of cost centres hours required for completion of production activity. The

hike/dehike% should be applied at each period as inventory valued at standard

cost.

First-in, First-out (FIFO):- Inventory valuation assumes that the first goodspurchased are the first to be used or sold regardless of the actual timing of their use

or sale. This method is most closely tied to actual physical flow of goods ininventory.


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INVENTORY CONTROL IN TATA MOTORS:

From this we can gather that material management includes some important

function:

Coding of material Purchase Department Procurement of material Receiving of material Storing of material Issue of material

MATERIAL CODINGAs we have discussed that the stock of so many items is maintained by the unit

which are related with different plants, department. So here it is difficult to keep

remember about each and every item of stock and detail like, it is related with

which department or plant and its main category etc. So for removing this

difficulty, Tata motors using coding system .In this system a twelve digits code

assigned to each item of inventory.

Every item maintained by its code in the store as well as in the store accounting

section. The item / material codes remain same in store and accounting section

whenever a transaction is done in store for the inventories the full detail of that

transaction is send to the store accounting section also, because the computers of

stores and accounting section are connected in local area network.(LAN)

In this way it is very comfortable task to maintain the inventories on the inventory

software with the help of material coding. Whenever any transaction (receipt, issue

or return) of material is done by store section the information of the same is send to

store.


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PURCHASE DEPARTMENTThe purchase department, in any organization, is at the interface of internal and

external environment. This department is responsible for purchase of various

machines, raw materials and other item required by the organization. Purchase

function from integral part of material management and it plays very important

function as it is through this procedure that the right amount of material required is

delivered at the right place and at the right time so that the process of production or

manufacturing goes on unhampered.

There is a distinct difference between buying and purchasing . The latter

involving knowledge of various vendors, their prices, comparison of the prices,

actual buying, after sale service and follow-up, besides payment terms etc.

The purchase department of an organization must know following things:

Knowledge of the materials Source of material- vendors Reasonable price

The most important things is that indentor must trust the vendor.

PROCUREMENT PROCESSThe whole procedure of procurement divided in some steps, which are:

1:-Material master: - Material master are created when a material required is not

defined in the material master. Control of master data depends largely on how each

company sets up its Organizational levelscentralized or decentralized. Some

material data is valid for all organization levels while other data is valid only at

certain levels.


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2 :-Vendor master :- A Vendor master (Purchasing) is required to permit allexternal procurement transactions in the system. Typically, the purchasing

organization is only authorized to create a Purchasing view, which allows RFQs

Quotations, Purchase Orders and Agreements (Contracts) but prevents the payment

of the invoice. Finance or Payables maintains the Accounting view to satisfy most

audit requirements that call for a separation of duties. This reduces the likelihood

of duplicate vendor masters.

3:-Purchase requisition: - A requisition defines the need for a material or service.

It authorizes the purchasing department to purchase materials in specific quantities

within a specified time frame. It is an internal document and is not used outside of

the company.

Requisitions can be created for materials with a material master. When creating the

requisition with a material master, The part number must be referenced, and a flag

must be placed in the account assignment field. This will bring up a pop-up

window to assign the material to an account.

In Purchasing, the RFQ and the quotation form a single document. Prices andconditions quoted by vendors are entered in the original RFQ. If you have issued

an RFQ to several vendors, you can have the system determine the most favorable

quotation submitted and automatically generates letters of rejection to the

unsuccessful bidders.

4:-Release of purchase requisition: - Business needs should be defined through a

requisition; a contract establishes a long-term agreement with a vendor to supply a

material or services. Contracts may either be value contracts or quantity contracts.

A quantity contact specifies a ceiling of goods or services that the vender will

provide to us. Contracts do not specify delivery dates; this is determined when

release orders are issued against the contract.


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The next step:-

I) Request for quotationII) Maintain quotationIII) Price comparisonIV) Contact creation and releaseV) Purchase order creation or releaseVI) Scheduling agreement creationVII) Delivery scheduleVIII) Printing / re- printing of PO / SA

RECEIVING OF MATERIALSVehicle Registration at the time of Inward (exit)

Goods receipt against PO

Goods receipt against inbound delivery

STORE ACKNOWLEDEMENTTata motors uses 5s technique for its inventory maintenance in store. 5S is a

technique that results in a well-organized workplace complete with visual controlsand order. Its an environment that has a place for everything and everything in itsplace, when you need it.


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5S is the key first step in workplace improvement.

SortRemove from the workplace all items that are not needed for current production

(or office) operation. Sorting means leaving only the bare necessities

When in doubt, throw it away

Set in OrderArranging needed items so that they are readily accessible and labeled so thatanyone can find them or put them away.

Shine

Sweep and clean the work area. The key purpose is to keep everything in top

condition so that when someone needs to use something, it is ready to be used.

Cleaning a work area produces and opportunity to visually inspect equipment,tooling, materials and work conditions.

StandardizeDefine what the normal condition of the work area. Define how to correct

abnormal conditions. The standard should be easily understood and easy tocommunicate (i.e. visual controls).

SustainImplementing solutions to address the root causes of work area organization

issues. All employees must be properly trained and use visual managementtechniques.

Function of Store Accounting Section

The section dealing with accounting of store in the finance department shall have

following function:-


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Accounting of receipts, issues, return and transfer of material. Accounting of imported material for capital works and operation. Associating with stores section for stock verification. Valuation of stores items should be done on weighted average basis.

Issue of materialThe accepted & stock charged material is to user department against Store Issue

Voucher (SIV) issue to contract through SIV.The authority of signing the SIV is

given to competent person of indentor depart And this sign checked by the store

section before issue and permanent employee of Tata motors shall sign it at the

time of receipt of material by the indentor department. All issue of material is

made on First in First out basis.

o Return of material: - The user department and contractor return the unusedmaterial to stores through internal store return (ISRV) voucher and it posted

in the computer Kardex after receiving material. Copy of ISRV sent to the

Store Account Section for adjustment.

o Transfer of material: - In case of material issue from store to line. TheStock Transfer Voucher (STV) is made by store department.`


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REJECTION HANDLING :

There are two types of rejection in Tata motors

Material damage Cross failure

Material damage:-

Auto item

Direct on line Under quality

(quality will be verified before issue to line)

No Yes

Supplier Line

Quality person will book the rejection either full or semi quantity

Movement 122

SAP print complaint

Store along with material


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Cross Failure:-

In this tool of material handling Tata motors create a team that is called cross

functional team. It is the combination of the person of different department. Who

are working together for rejection material handling.

Material would be found defected by three stage of material movement:-

Process Supplier Store

When material found defected during in process , supplying process and the

storing process then material send to the scrap yard and make a transaction

movement 122 in system.

Inward and outward movement of material in SAP:-

Inward Outward

101:- GR 122:- Return to vendor

102:- GR cancellation 261:- Consumption

551:-Scrap by TML

951:-Scrap on vendor


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INVENTORY CONTOL TECHNIQUES:

Determination and maintenance of optimum inventory level, helps to maximize

owners wealth. Inventory management problems can be handled by some

techniques, which are:

ABC analysis

KANBAN System Just In Time (JIT) Safety Stock

ABC ANALYSIS:It is very effective and useful tool for classifying, monitoring and

control of inventories. The firm should not keep same degree of control on

all the items of inventory. It is also known as Selective Inventory Control.

According to this technique the task of inventory management is proper

classification of all inventory items in to three categories namely A, B, and

C category. The ideal categorization of inventory items is shown in table as

follows:

CATEGORY NO. OF ITEMS (%) ITEMS VALUE (%)

A 15 70

B 30 20

C 55 10

TOTAL 100 100


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In Tata Motors we can classify inventory according to ABC classification.

ABC has two methods for classification:-

Value of per item Value with consumption

A ITEMS

Small in number, but consume large amount of resources

Must have:

Tight control Rigid estimate of requirements Strict & closer watch Low safety stocks

Managed by top management

B ITEM

Intermediate. Must have:

Moderate control Purchase based on rigid requirements Reasonably strict watch & control Moderate safety stocks Managed by middle level management

C ITEMS

Larger in number, but consume lesser amount of resources. Must have:


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Ordinary control measures Purchase based on usage estimates High safety stocks

ABC analysis does not stress on items those are less costly but may be vital

KANBAN System:KANBAN process is a tool to control inventory. It is a process which

demands lot of discipline and sincerity.

WHAT IS KANBAN?

KanSign

BanBoard

So, Sign Board

A signaling device that gives authorization and instruction for the production or

withdrawal of item in a pull system

It is based on 2-Bin system


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Step # 1 - Both the bins are full at TML and Supplier, Cards are in place

Step # 2 - Line feeding trolley empties the bin


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Step # 3 - Line feeder notices one empty bin during his scheduled round of stores.

Bin 2 is in use and sustains the line.

Step # 4 - Line feeder takes the card of the empty bin and puts on KANBAN board

as a signal. System mail generated to the supplier informing empty bin


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Step # 5 - Supplier sends one bin quantity by empting one bin at his end. Material

is received at store and send to desired location

Step # 6 - Line feeder keeps the KANBAN card back to the bin signaling that the

bin is full. Supplier takes up one bin for production.


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Step # 7 - In continuity the 2nd bin gets emptied and the process is repeated.

Supplier uses 2nd Bin to feed TML while production for 1st bin is ongoing.

Advantage of KANBAN

Less inventory No line stoppage because of KANBAN material Information flow is fast from buyer to supplier Minimizes waste and overproduction

Tata motors ltd. uses KANBAN system for inventory control. KANBAN process is

a tool to control inventory


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JUST IN TIME (JIT):According to JIT system, all components and other inventory items

arrive as and when required (i.e. just before the start of an operation). Item are

picked up by the worker and fed directly in to the production process.

Benefits of JIT:-

Uniform workstation loads Small lot sizes Closer supplier ties Maintenance of high quality Quick and economic setups Flexible facilities and multi-skilled workforce Continuous improvement


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SAFETY STOCK:Safety stock implies extra inventories that can be drawn down when

actual lead time and usage rate are greater than expected. It means

Prediction of average daily usage and lead-time is difficult. Raw materials may

vary from day-to-day or from week-to-week, it is in the case of lead-time also.

Lead-time may be delayed, if the usage increases then the company faces problem

of stock out. To avoid stock out firm may require to maintain safety stock.

FORMULA:-

Re-order point = Lead time (in days)*Average usage+ Safety stock


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Analysis of Unused Inventory:

Analysis is done for the unused materials of plants 3100, 3103, 3154, 3158 and

3159 for 1 to 5 years. Materials of plants 3103, 3154, 3158 and 3159 are not used

in BOM and non auto parts. Materials of plant 3100 are used in BOM and direct

vehicle.

Data is collected for all parts and following data are required for analysis:

At first to find out whether materials are bulk or BOM. If material is Bulk then no need to do analysis on bulk materials. Take the data of start receiving date (SAP trans code: 101, 102), last receiving

date (SAP trans code: 101, 102), start consumption date (SAP trans code: 261,

262 for auto parts and 201, 202 for non auto parts), last consumption date (SAP

trans code: 261, 262 for auto parts and 201, 202 for non auto parts),, total

remaining stock, total stock value and in which location material is received.

SAP transaction codes mb51, sq01, mm03 are used to find out whether material

is bulk or not, material total stock value and material location.

Arrange all materials in decreasing order of stock value from year 1 to 5 yearsand analyze whether material is a part of BOM or not.

If material is a part of BOM then find out in which BOM material is used andwhat are requirement quantity and withdraw quantity (SAP transaction code:mcre).

Check BOM display by using SAP transaction code cs11 and check whethermaterial is present in BOM since starting or from now.


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If material is not entered in SAP then find out alternative for unused material(SAP transaction code: sq01-> pp->ALTMET).

After analyzing inventory, It can be concluded that if material is still in ware

houses and its stock value is very high, then it can be used as a bulk material or

alternative material. Sometimes it happens that material is already used by forceful

consumption or alternative but not entered record in SAP or data is entered at a

later stages, it can create a big problem for the firm.Material is not consumed in

system and can be defined as alternative or bulk in system, can be used as a

MASOP supplier.


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INVENTORY LEVEL AS ON 31ST MARCH 2013:

TABLE OF INVENTORY LEVEL AS ON 31st

MARCH 2013:

INVENTORY PERCENTAGE INVENTORY PERCENTAGE

Tools 1 Spare Materials 2

Indirect Materials 4 WIP 5

Finished Goods 10 Import Materials 18

Raw Materials 60

1 2 4 5

10

1860

Inventory level

Tools

Spare materials

Indirect materials

WIP

Finished goods

Import materials

Raw materials


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INVENTORY TURNOVER:

Inventory Turnover Ratio: Net Sales Average Inventory

(For the year ended 2012-2013)

Net Sales = 9015.47 Crores

Average Inventory = 251 Crores

Inventory turnover ratio: = 9015.47 251

= 35

Days of holding inventory: = 365 35

=10.42

(For the year ended2011-2012)

Net Sales = 6613.31 Crores

Average Inventory = 331 Crores

Inventory turnover ratio: = 6613.31 331

= 19.97

Days holding inventory: = 365 19.97

=18.33


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INVENTORY TURNOVER RATIO:

0

5

10

15

20

25

30

35

2012-2013 2011-2012


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PROCUREMENT ITEMS AT VENDOR PARK AND

OUTSIDE VENDOR PARK:

TABLE OF PROCUREMENT ITEMS AT VENDOR PARK AND OUTSIDE

VENDOR PARK:

Procurement Items Vendor Park Outside Vendor Park

ACE/Magic 95 5

Super ACE/ Venture 60 40

Iris/Zip 70 30

0

10

20

30

40

50

60

70

80

90

100

ACE/Magic Super ACE/ venture Iris/Zip

Chart Title

vendor park outside vendor park


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IMPORTANT CONCEPT OF EOQ IN INVENTORY

MANAGEMENT:

EOQ (Economic Order Quantity) refers to that level of inventory at

which the total cost of inventory is minimum. EOQ is also known as Economic

Lot Size (ELS).

Economic order quantity is the one for which the aggregate of the costs ofOrdering the inventory and the costs of carrying the inventory is at minimum. Or it

can be said that EOQ is essentially an accounting formula that determines the point

at which the combination of order costs and inventory carrying costs are the least.

Assumptions of EOQ model:

The following assumptions are implied in the calculation of EOQ:

Demand for the product is constant and uniform throughout the period. Lead time (time from ordering to receipt) is constant. Price per unit of product is constant. Inventory holding cost is based on average inventory. Ordering costs are constant. All demands for the product will be satisfied (no back orders are allowed).

EOQ FORMULA:

EOQ = 2(Annual usage in units) (Order cost)

(Annual carrying cost per unit)


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Limitations Of EOQ:

Apart from the above application it has its own limitations that are mainly due to

restrictive nature of assumptions on which it is based.

Constant Usage: This may not e possible to predict, if usage variesunpredictably, as it often does, no formula will work well.

Faulty basic information: Ordering and carrying costs is the base for EOQcalculation. It assumes that ordering cost is constant per order is fixed, but

actually varies from commodity to commodity. Carrying cost also can varywith the companys opportunity cost of capital.

Costly Calculations: In many cases, cost estimation, cost of possession andacquisition and calculating EOQ exceeds the savings made by buying that

quantity.

USES OF EOQ:

EOQ is useful to decide how many inventories should be added wheninventory is replenished.

It is useful in deciding lot sizes, which will reduce both ordering andcarrying costs.

By using EOQ the optimum inventory level can be maintained, which willreduce the investment in inventories.


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PRODUCTION PLANNING AND CONTROL:

An understanding of Production Control concept

MES system is to help production eliminate any quality issues. Alldata related to quality is to be stored in data base.

Delivery control is realized by MES (POP) system.

Integrated Production Plan-The dealers from across India supply forecast and sales related data to

the sales and marketing department. This information is then given to

the central planning department. The role of CPD is consolidating the

demand and prepares an annual plan of production (plant wise).

Further CPD gives the semiannual plan and 3M (1M firm & 2M) plan

to production planning and control.

Production planning and production sequencing support and help

realized leveled production.

Production volume plans-supplier production starts early to keep delivery ontime.

Production plan simulation- Ahead production order to plant to preventdelay

Marketing gives order two weeks before production 5% total change occurs in 30% volume of high class model 29260 vehicles to be stocked in PDI. 24 days stock as per simulation The capability of make to order for special vehicles If seasonal fluctuation are included in marketing order then build ahead

order may not be required


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Real time collection of shop floor data like product tracking, lot, serial # ofcritical component, inspection, torque data, andon data, material receipt and

delivery data and cycle time data.

Production POP system- Actual status in TCF and equipment error conditionto be shown

Further suggestion- weekly plan is better then 10 days plan because workingday is constant

Production volume is constant in 1 month. Adjustment of monthly volumemust be based on the forecast. In case to exceed full capacity.

20-30 cars batch size for small car in paint shop (depending on color buffer) Cost of waiting (for supplier) in case client line stops is borne by supplier

himself. It is included as allowance in his part cost

15-30 min buffer storage for body shop, 5-7min buffer for TCF Inventory tracking to be done with help of bar codes. Supplier gets the parts

along with bar codes and documents.

Damaged parts to be returned to supplier with damaged tag and documentsthrough quality control section.

Make a policy for procedure, penalty sharing incase of line side rejection &returned to supplier, fitted in vehicle already but separated at end of line.

Damage bin/reject parts area where all damaged and rejected parts can beaccounted for

Small car : Normal car with out variants-order to delivery in two weeks Engineering change can be by any of the design, QC, purchasing,

production, mfg engineering or logistics.

Notification of engineering change to be given by design to otherstakeholders

Scope of 3PL-3PL responsible for delivering parts to the OEM document.They are responsible for the delicate parts like glass and also conduct minor

inspection for transportation damages.

Product ordering system to receive input from CPD, POS will then giveinformation to production planning.


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RECONCILIATION AND ADJUSTMENT:

After each physical verification of movable asset & inventories the discrepancies

are to be reconciled by the custodians of assets \ inventories and suitable

adjustment action has to be taken consultation with the local Finance Department

for the approval of competent authority preferable with in the financial year in the

physical verification has been conducted or before closing of account of that

financial year.

It is desirable to complete the physical verification work by March every year sothat reconciliation / adjustment action can be completed within the year itself.


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FINDINGS:

The techniques which are used for inventory control in TATA Motors Ltd.are ABC analysis, KANBAN system, JIT, Safety Stock.

The criteria for judging the inventory in TATA Motors Ltd. areComprehensibility, Adaptability, Timeline.

Firm is maintaining sufficient stock of raw materials and supplies tofacilitate uninterrupted production.

TATA Motors Ltd. is maintaining an investments in inventory whichimplies that maintaining an inventory involves cost, such that smaller theinventory, the lower the cost.

Firm is maintaining sufficient finished goods inventory, to meet the demandfor product by efficiently organizing the firms production and salesoperation.


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RECOMMENDATIONS:

o It may suggest that proper reorder level for consumables and cutting toolsmay be maintained so that, the company can prevents the over stock or stockout level.

o As it was understood from the study that the company maintaining safetystock which is not adequate to certain materials. So to avoid stock out the

safety stock may be maintained at optimum level.o To reduce the inventory cost such as carrying cost, ordering cost it is

suggested that the company can apply EOQ model to all the materials,

consumables and tools to the extent possible.o In global competition, the company may follow the new technique like just

in time (JIT) by adopting flexible manufacturing system (FMS) to control

inventories efficiently in future.o The reorder level should be placed at the right time, based on the raw

material availability in the store.o In order to reduce the expenditure and to maintain inventories at optimum

level, it is necessary to implement proper planning, budgeting and

coordination among all functional departments.

o The review can be made to all the material available in the store to avoid theunnecessary dumping of materials, so the company can save the storage costand space.

o The production department may introduce the new technique called vendorquality management to ensure the standardized quality in the finishedproduct. The concept is adopted in all leading companies.

o To reduce the lead time and to save ordering cost it may be suggested tolocalize certain important items instead of importing from other country.

This will give a chance for increasing employment opportunities to our

people.o To control the job work items, it is suggested to convert such item as

bought out items in future.


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CONCLUSION:

Inventory control means the availability of right materials of right quantitiescoordinated with lead time. Each and every component of inventory is important

and managing the inventories to keep in an optimum level is a must.It might seen axiomatic that inventory control is efficient as long as inventory level

is going down. But the fact is that is if inventories are minimized with guaranteeing

adequate operations, inventories have been mismanaged rather than controlled

efficiently. Thus, the two basic object of inventory control appear to be conflicting

in nature. Inventories should increase or decrease in amount or time as related to

sales requirement and production schedules.

In most inventories a small population of item accounts for a very substantial usage

(in terms of monetary value and annual consumption) and a large proportion of

item accounts for a small usage. ABC analysis based on the empirical reality

advocates in essence a selective approach to inventory control, which calls for a

greater concentration of efforts on inventory item accounting for the bulk of usage

value.

Responsibility for control of inventories is that of the top management, thoughDecision in this regard might will be based upon the combined judgment of the

production manager, controller, the sales manager and the purchasing manager.

This is desired in view of the financial consideration involved in the problem and

also because of need for different department. While decision relating to

inventories are primarily taken by executives in production, purchasing and

marketing department ,the finance manager should try to ensure that inventories

are properly monitored and controlled. He must emphasis the financial point of

view and intiate programs with participation and involvement of others forefficient working of the company.


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ANNEXURE-1:

FINANCIAL PRFORMANCE SUMMARY:

Company Tata motors group

(Standalone) (Consolidated)

FY (2011-

2012)

FY (2010-

2011)

FY (2011-

2012)

FY (2010-

2011)

Gross revenue 59,220.94 51,183.95 170,670.58 126,414.24

Net revenue

(excluding excise duty)54,306.56 47,088.44 165,654.49 122,127.92

Total expenditure 49,894.76 42,282.07 141,954.02 104,312.89

Operating profit 4,411.80 4,806.37 23,700.47 17,815.03

Other income 574.08 422.97 661.77 429.46

Profit before interest,depreciation,amortization,

Exceptional item and

tax

4,985.88 5,229.34 24,362.24 18,244.49

Finance cost 1,218.62 1,383.70 2,982.22 2,385.27

Cash profit 3,767.26 3,845.64 21,380.02 15,859.22

Depreciation,

amortization andproduct Development /

engineering expenses

1,840.99 1,502.00 7,014.61 5,653.06

Profit for the year

before exceptionalitems & tax

1,926.27 2,343.64 14,365.41 10,206.16

Exceptional items- loss/(gain)

585.24 147.12 831.54 (231.01)


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Profit before tax 1,341.03 2,196.52 13,533.87 10,437.17

Tax expense/(credit) 98.80 384.70 (40.04) 1,216.38

Profit after tax 1,242.23 1,811.82 13,573.91 9,220.79

Share of minority

interest and share of

profit of associates(net)

- - 57.41 (52.83)

Profit for the year 1,242.23 1,811.82 13,516.50 9,273.62

Appropriations

Profit for the year 1,242.23 1,811.82 13,516.50 9,273.62

Balance brought forwardfrom previous year

profit/(loss)

2,078.92 1,934.13 6,461.49 (1,017.85)

Amount available for

appropriations

3,321.15 3,745.95 19,977.99 8,255.77

Less: appropriations

Debenture Redemption

Reserve70.00 - 70.00 -

General Reserve 125.00 200.00 158.03 228.78

Other Reserves - - 65.38 84.20

Dividend (includingdividend

distribution tax)

1,462.24 1,467.03 1,488.62 1,481.30

Balance carried to

Balance Sheet

1,663.91 2,078.92 18,195.96 6,461.49


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BIBLIOGRAPHY:

www.mytatamotors.comwww.tatamotors.com
http://www.tatamotors.com/http://www.tatamotors.com/


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APPENDIX:

INVENTORY MANAGEMENT

Maintaining stock by value or by quantity is called inventory. The total inventory

management deals with the goods movement of the material.

Goods movement: -

It is a process in which transaction resulting change in stocks. It is further sub-divided

into three categories

1. Goods Receipt (GR)

2. Goods Issue (GI)

3. Transfer Posting (TP)

Goods Receipt (GR): - It is a goods movement in which receipt of goods is posted

for vendor or for production. A GR posted in the system will leads to increase in stock.

No Concept of Price or value

Goods Issue (GI): - It is goods movement in which material withdrawal is posted for

consumption or for customer. A GI posted in system will leads to decrease in stock.

Stock Transfer (ST): - It is method of removal of material from one location and

transferring it to another location. This process is performed between two plants and

two storage locations.


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Transfer Posting (TP): - It is a general term of stock transfer that changes the stock

type or stock categories. The difference between transfer posting and stock transfer is: -

TP is logical stock transfer and ST is a physical stock transfer.

Movement Type: - It is a three-digit code, which plays a role of important control

function in inventory management. It acts as a central role in automatic account

determination. It determines which stock account or consumption account is updated

financial accounting.

Reservation: - It stores requisition created from particular cost center to particular

department for issuing the material reservation posted in the system. It leads to decrease

stock.

Stock Types: - The different stock types are:-

Unrestricted use stock Quality inspection stock Blocked stockWarehouse stock

Transaction code: -

To Create GRMIGOTo Create GI - MB1AFor Transfer Posting - MB1BTo display Material/GR documentMB03To create reservations - MB21, MB22, MB23To See Stock OverviewMMBETo enter Other GR - MB1C


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When GR is posted in the system

Material document is created - MB03Accounting Document is generated - MB03MMR updated - MM02, MM03 PO history updated - ME23N

Movement Types

Movement Types under GR: - 101, 331,333,335,501,503,505,551,553,555,

561,351 (For all Movement Types there is a reversal e.g. 101 has 102. Note: No reversal

for 121)

Movement Types under GI:- 201, 331,333,335,551,553,555

Transfer Posting

It is performed in three ways

TP B/W Plant to PlantTP B/W Storage Location to Storage LocationTP B/W Stock to Stock

Movement Types under TP B/W Plant to Plant

301 - 1 step

303 & 305 - 2 step

Movement Type under TP B/W Storage location to Storage Location

311 - 1 step

313 & 315 - 2 step


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Movement Type under TP B/W stock to stock

321, 323, 325, 343,349

To Cancel the GR Movement type 102

Return delivery to vendor movement type 122 & T Code MIGO

Transfer Posting Stock to Stock

From Blocked stock to Quality Inspection

T Code MB1B & Movement Type 349

From Blocked stock to Unrestricted StockT Code MB1B & Movement Type 343

From Quality Inspection to Unrestricted Stock

T Code MB1B & Movement Type 321

Transfer Posting from Plant to Plant

For One Step: Movement Type 301

For Two Steps: Movement Type 303 & 305

After posting stock will display in Stock in Transit (Plant)

To receive material by receiving Plant Movement Type 305

Transfer Posting B/W Storage Location to Storage Location

Under One Plant B/W two Storage Locations Movement Type 311

Back to Parent storage Location Movement Type 313 (It Show stock in transfer)

use Movement type 315 at Parent storage location

To create Goods Issue (GI) T Code MB1A & Movement Type 201To Create Reservations T Code MB21, MB22 & MB23


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GR without PO Movement type 501 & T Code MB1C, Select others insteadPurchase order, Enter Material, Quantity, Plant, Storage Location Press Enter

Partner Option will be visible (Vendor) Save it

Invoice: - Invoice is a document, which is issued to a buyer (Company) from the

supplier (vendor) for the payment. The following information is maintained in invoice

Invoice date, Posting date, Invoice ref number, tax amount, amount, tax code, terms

of payments, vendor address, banking accounting information etc.

LECI: - Lorry Entry Coupon Issue

RFID: - Radio Frequency Identification Device

GRN: - Goods Receipt Number

CRDO: - Central Record Of Documentation Office

MASOP: - Material Accounting System at Outside Party

FLG: - Factory Law Group

MES: - Manufacturing Execution systems are computerized systems used in manufacturin

MES can provide the right information at the right time and show the manufacturing decis

maker.

POP: - Post Office Protocol used to restore e-mail from a mail server.

CPD: - Central Planning Department

PDI: - Pre Delivery Inspection

OEM: - Original Equipment Manufacturer

QC: - Quality control


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SAP: - System application and Product

ERP: - Enterprise Resource Planning

SAP Transaction Codes:

SPRO DEFINE ITEM CATEGORY

MM01 CREATE MATERIAL

MM02 MODIFY MATERIAL

MM03 DISPLAY MATERIAL

MMS1 CREATE MATERIAL MASTER

MMS2 CHANGE MATERIAL MASTER

MMS3 DISPLAY MATERIAL MASTER

MB1C MAINTAIN STOCK

MMPI INITIALISE PERIOD FOR MASTER MATERIAL RECORDFROM CO CODE

MMBE CREATE STOCK

MM60 MATERIAL LIST

XD01 CREATE CUSTOMER

XD02 MODIFY CUSTOMER

XD03 DISPLAY CUSTOMER

VA01 CREATE ORDER

VA02 CHANGE ORDER

VA03 DISPLAY ORDER

VA11 CREATE INQUIRYVA12 CHANGE INQUIRY

VA13 DISPLAY INQUIRY

VA21 CREATE QUOTATION

VA22 CHANGE QUOTATION

VA23 DISPLAY QUOTATION


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VD02 CHANGE SALES PROSPECT

VD03 DISPLAY SALES PROSPECT

VD04 DISPLAY CHANGES

VD06 FLAG FOR DELETION

VK11 MAINTAINING PRICING

VK0A ASSIGN G/L ACCOUNT GENERAL

VOK0 PRICING

VOR1 DEF COMMON DIST CHANEL

VOR2 DEF COMMON DIV

VOV6 DEFINE SCHEDULE LINES

VOV8 DEFINE SALES DOC TYPEVOFA CREATE/OR CHANGE BILLING TYPES CONFIGURATION

V129 DEFINE INCOMPLETENESS SCHEMAS FOR FOREIGN TRADE

V149 ASSIGN INCOMPLETENESS SCHEMAS FOR COUNTRY CODE

CA01 CREATE ROUTING

CA02 EDIT ROUTING

CA03 DISPLAY ROUTING

CS01 CREATE BOM

CS02 CHANGE BOM

CS03 DISPLAY BOM

OVK1 DEFINE TAX DET RULES

OVK3 DEF TAX REL OF MASTER RECORDS CUSTOMER TAXES

OVK4 DEF TAX REL OF MASTER RECORDS MATERIAL TAXES

OVR6 DEF LEGAL STATUSES

OVS9 DEF CUSTOMER GRP

OVRA MAINT STATISTICS GRPS FOR CUSTOMERS

OVR F MAINT STATISTICS GRPS FOR MATERIAL

OVXC ASSIGN SHIIPING POINT TO PLANT

OVX6 ASSIGN PLANT TO S.O AND DIST CHANEL

OVL DEFINE DELIVERY TYPE


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OVSG DEFINE INCOTERMS

OVLH DEFINE ROUTES

OVXM ASSIGN SALES OFF TO SALES AREA

OVXJ ASSIGN SALES GRP TO SALES OFFICE

OMS2 MATERAIL UPDATE

OVLP DEFINE ITEM CATEGORY FOR DELIVERY

OX10 ASSIGN DEL PLANTS FOR TAX DET

O/S2 DEFINE SERIAL NO PROFILE

O/S1 DEFINE CENTRAL CONTROL PARAMETERS FOR SR NO

OBB8 DEFINE TERMS OF PAYMENT

OKKP ACTIVATION OF COMPONENETSVB01 CREATE REBATE AGGREMENTS

VB02 CHANGE REBATE AGREMENT

VB03 DISPLAY REBATE AGGREMENT

VB31 CREATE PROMOTION

VB32 CHANGE PROMOTION

VB33 DISPLAY PROMOTION

VB21 CREATE SALES DEAL

VB22 CHANGE SALES DEAL

VB23 DISPLAY SALES DEAL

VB25 LIST OF SALES DEAL

VB35 PROMOTION LIST

VKA4 CREATE ARCHIVE ADMINISTRATION

VKA5 DEL ARCHIVE ADMINISTRATION

VKA6 RELOAD ARCHIVE ADMINISTRATION

VC/1 CUSTOMER LIST

VC/2 CREATE SALES SUMMARY

VDH2 DISPLAY CUSTOMER HIERARCHY

VF01 CREATE PROFORMA INVOICE

VF02 CHANGE PROFORMA INVOICE


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VF03 DISPLAYPROFORMA INVOICE

VF07 DISPLAY FROM ARCHIVE

VF11 CANCEL BILL

VFX3 BLOCKED BILLING DOC

VFRB RETRO BILLING

VF04 MAINTAIN BILL DUE LIST

VF06 BACKGROUND PROCESSING

VF21 CREATE INVOICE LIST

VF22 CHANGE INVOICE LIST

VF2 3 DISPLAY INVOICE LIST

VF44 MAIN REVENUE LISTVF45 REVENUE REPORTS

VF46 MAINT CANCELLATION LIST

VF31 ISSUE BILLING DOC

VFP1 SET BILLING DATE

VARR ARCHIVE DOCUMENTS

VL01N CREATE DELIVERY

VL02N TO CHANGE DELIVERY WHICH IS ALREADY CREATED

VL03N DISPLAY DELIVERY

V/08 TO CHANGE CONDITION (PR PROCEDURE)

V/30 DEFINE PRINT PARAMETERS

FD32 SETTING CREDIT LIMIT FOR CUSTOMER

/NSM12 TO REMOVE LOCK ENTRY

ND59 LIST CUSTOMER MATERIAL INFO

VB0F UPDATE BILL DOC


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A Project Report (2)

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Transcript of A Project Report (2)